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<br /> <br /> <br />On April 18, 2023, the City Council approved a fourth amendment to this agreement to increase the <br />scope to include updating the water rate models and preparing a water rate study, which increased the <br />total contract by $46,150 to an amount not-to-exceed $259,550. <br /> <br />On February 6, 2024, Council approved the fifth amendment to increase the total contract by $57,509 <br />for a new not-to-exceed total of $317,059 for the water and sewer connection fees. <br /> <br /> <br />Discussion: <br />The water and sewer connection fee studies are part of the City’s developer impact fee study. Since that <br />study has been delayed, Council adoption of the connection fee study has also been delayed, therefore, <br />staff is recommending extending the term of the agreement to December 31, 2024. The current available <br />balance remaining in the agreement is $42,808, which is sufficient to complete the project. <br /> <br />Financial Impact: <br />The Water (42040602) and Sewer (43041202) Operation Funds FY 2024/25 budget include sufficient <br />funds to cover the anticipated expenses. <br />Docusign Envelope ID: 210EA3AB-C6FF-4A9E-A1EB-F836A623AA9D